This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …

whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … data on domestic investment and interest rates on corporate loans for 5 countries of the Euro area in the period ranging …

"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary … policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we … are now appearing within the Euro area which threaten its long-term cohesiveness. The most manifest example of this threat …

prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …-policy transmission in the euro area. …

applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on … the initial problems were overcome within one year of the introduction of euro cash. …

-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …